UAE to formally begin Digital Economy Partnership Agreement accession process, while Saudi PIF sees 2024 profits fall 60%
Here’s a look at today's biggest tech stories in the MENA+:
- UAE to formally begin Digital Economy Partnership Agreement accession process
- Crypto firms pivot to Dubai as Singapore tightens rules to tackle money laundering
- Amazon, 7X partner for faster deliveries through hyperlocal dark stores
- Al Ansari Exchange launches digital prepaid cards
- SCA issues rule allowing licensed robo-advisory services
- PIF sees 2024 profits fall 60% on project impairments, inflation, interest rates
- New Murabba explores incorporating robotics, self-driving smart city tech with Naver Cloud
- Global climate science body IPCC hit by KSA, US controversies
- Solutions to build $42M private cloud with parent firm stc
- Al Othaim Markets, AliExpress launch grocery delivery partnership
- EGX listees, firms supporting FX position could get investment incentives
- Economy grows at fastest pace in three years, recording 4.8% growth in Q3
- Xiaomi to widen range of locally-manufactured smart devices with Al Safy partnership
- FRA raises consumer finance cash advance limit by five times to $1,000 per client
- Final deals inked to pave way for $658M phosphoric acid complex
- SBP ends remittance incentives, raises transaction limit to $200
- Govt to launch AI education at primary level
- BYD launches nationwide test drive campaign for flagship EVs
- Govt to offer Google, Microsoft IT certs for 500,000 youth
- Govt delegation arrives in US to finalize trade deal ahead of deadline
Other MENA+ Developments
- Joby Aviation completes region’s first air taxi test flight in Dubai
- US, Europe end sanctions on Syria
- Morocco approves 47 projects worth $5bn ahead of World Cup
- Kuwait's Ministry of Finance issues executive regulations on MNE tax law
- Intelligent logisitcs manufacturer Singauto to set up shop in Abu Dhabi's Kezad
Southeast Asia Developments
- Vietnam eases dual citizenship rules to attract overseas talent
- Chip designer SkyeChip nears Malaysia IPO
- Thai PM reshuffles cabinet following instability, appoints new commerce minister
- CT Group launches Vietnam's first locally-designed IoT chip
- Finance group backs Philippines' Open Access in Data Transmission Bill
India Developments
- Indian cost advantage likely to push AI talent search out of US
- Vedanta unit targets rare earth production locally within 5 years
- Automakers push back on proposed ‘aggressive’ carbon emission limits
- UPI transactions down 4% MoM, but still up 20% YOY
- Karnataka proposes jail terms for misinformation, sparking concerns
